Term
| Which is an example of saving? |
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Definition
| Mary put money in a bank account. |
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Term
| Which is an example of spending? |
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Definition
| Mary bought a pair of designer jeans on the Internet. |
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Term
| Which is an example of earning? |
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Definition
| Sam sold things he made at a flea market. |
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Term
| Susan is going to obtain a loan to buy a stereo system. This is an example of which economic activity? |
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Definition
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Term
| Nancy works in a restaurant where she receives tips. Receiving tips is an example of which economic activity? |
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Definition
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Term
| Amanda always wanted to become a nurse even though she knew that health care professionals do not generally make good salaries. Amanda's choice of occupation will directly influence her: |
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Definition
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Term
| Rick cannot afford to buy Christmas gifts for everyone in his family. This illustrates |
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Definition
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Term
| Sharon paid for an unexpected trip to the emergency room instead of paying her car payment. This illustrates: |
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Definition
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Term
| Tom borrowed $100 from a friend to buy items he needed for work with a retail value of $300. When he gets his next paycheck, he will have enough money to pay off the debt. This illustrates: |
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Definition
| wise use of credit to extend a person's buying power. |
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Term
| Kim has always loved and understood dogs; now she has a part-time job dog-sitting in the neighborhood. This illustrates: |
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Definition
| using one's knowledge to increase earnings. |
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Term
| The Hayes family puts aside $50 every month for unexpected emergencies. When Mr. Hayes lost his job, the family was glad to have this money to pay bills until he could find a new job. This illustrates |
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Definition
| forming the habit of saving regularly. |
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Term
| Jim decided to save his money for his senior expenses rather than spending it at the mall. This illustrates |
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Definition
| making wise choices in light of trade-offs. |
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Term
| Fred put 5% of his earnings into an interest-bearing savings account each month. For Fred, this illustrates which benefit of saving? |
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Definition
| Can be used to earn additional income |
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Term
| Fred put 5% of his earnings into an interest-bearing savings account each month. For Fred, this illustrates which benefit of saving? |
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Definition
| Dorothy decided to keep her part-time job until she could find another so she could continue to meet her monthly expenses. |
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Term
| Jim decided to save his money for his senior expenses rather than spending it at the mall. This illustrates: |
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Definition
| making wise choices in light of trade-offs |
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Term
| Fred put 5% of his earnings into an interest-bearing savings account each month. For Fred, this illustrates which benefit of saving? |
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Definition
| Can be used to earn additional income |
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Term
| Which is an example of responsible earning |
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Definition
| Dorothy decided to keep her part-time job until she could find another so she could continue to meet her monthly expenses. |
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Term
| Which is an example of responsible borrowing? |
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Definition
| Ed accepted a loan from his uncle because he knew he could pay it back. |
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Term
| Ted earns $250 a week from his part-time job. His goal is to save $150 each month to go on a vacation. Which phrase BEST describes this goal? ( |
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Definition
| Measurable, but not time-bound |
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Term
| Mary's goal is to put aside money for Christmas presents from May until December. Which phrase BEST describes this goal? |
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Definition
| Time-bound, but not measurable |
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Term
| Matt's goal is to save his pocket money to buy a used CD player from his cousin who has just bought a new player. Which phrase BEST describes this goal? |
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Definition
| Not measurable and not time-bound |
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Term
| Mrs. Dunn always goes to the cleaners around the corner from her job. This illustrates a decision made: ( |
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Definition
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Term
| Mr. Matthews bought the first box of candy he saw for his wife's birthday. This illustrates a decision made: |
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Definition
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Term
| At breakfast, Carla's Dad announced a family trip to visit his mother. At lunch, Mary invited Carla on a shopping trip and Jeff invited Carla to join him for a picnic lunch. Then Carla realized that all the invitations were for the same day and she would have to make a choice. Which step in decision-making is this? |
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Definition
| Identify the decision to be made |
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Term
| Mark's car refused to start. He checked an online repair manual, looked at his bank balance, and asked his uncle, who is a mechanic, if he could teach him how to make needed repairs. Which step in decision-making is this? |
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Definition
| Identify resources and gather information |
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Term
| At the end of her freshman year at State University, Vera thought about the decision she had made to go to a state-supported university and realized she had made a smart choice. Which step in decision-making is this? |
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Definition
| Evaluate the outcomes of the decision |
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Term
| After he made up his mind to quit his job, Mr. Johnson wrote his letter of resignation with no difficulty. Which step in decision-making is this? |
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Definition
| Put the decision into action |
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Term
| Sarah's concern over the rate of inflation caused her to set a goal to reduce the amount of money she spends on impulse purchases. Which type of factor MOST LIKELY influenced Sarah's decision? |
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Definition
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Term
| The Perkins have one family member who is employed, another who has just been laid off, and two children in college. They decided to plant a vegetable garden to save money on food. Which type of factor MOST LIKELY influenced the Perkins' decision? |
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Definition
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Term
| Sabrina saw a scrapbooking kit on a TV shopping network and decided immediately to call in an order. Which type of factor MOST LIKELY influenced Sabrina's decision? (NCCTE.9_12.SH.BF05.PF1.02) |
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Definition
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Term
| Since she did not approve of slaughtering animals for their fur, Hilton decided not to purchase a coat with a natural fur collar. Which type of factor MOST LIKELY influenced Hilton's decision? |
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Definition
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Term
| Since his Bar Mitvah, Ben wears a skull cap at both synagogue and high school. Which type of factor MOST LIKELY influenced Ben's decision? (NCCTE.9_12.SH.BF05.PF1.02) |
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Definition
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Term
| Since his Bar Mitvah, Ben wears a skull cap at both synagogue and high school. Which type of factor MOST LIKELY influenced Ben's decision? |
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Definition
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Term
| Mandy researched the male/female ratios to help her select between the three universities that sent acceptance letters. She decided on the one with the largest male-to-female ratio. Which type of factor MOST LIKELY influenced Mandy's decision? |
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Definition
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Term
| Cal decided to take community college classes the summer after he graduated because high unemployment made it difficult to find summer jobs. Which type of factor MOST LIKELY influenced Cal's decision? |
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Definition
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Term
| Which is the BEST example of wants influencing financial decisions? The Barton family decided to spend their tax refund to |
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Definition
| take a trip they had longed for. |
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Term
| Which is the BEST example of standards influencing financial decisions? The Darden family decided to spend their tax refund to |
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Definition
| keep up with their neighbors by buying a new big-screen television. |
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Term
| Which is the BEST example of family needs influencing financial decisions? The Martin family decided to spend their emergency savings on: |
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Definition
| paying bills while Mr. Martin is laid off. |
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Term
| Which is the BEST example of a family value of helping others influencing financial decisions? The Sigmon family decided to spend their emergency savings on: |
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Definition
| a new stove for the soup kitchen where they volunteer. |
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Term
| Single mom Marjorie works full-time to take care of her two children and her aging grandmother. Which lifestyle conditions does this illustrate? |
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Definition
| Dependents, marital status, and employment status |
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Term
| After her divorce, Marissa earned her master's degree and was hired as an executive in a downtown business firm. Which lifestyle conditions does this illustrate? (NCCTE.9_12.SH.BF05.PF2.01) |
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Definition
| Marital status, education level, and employment status |
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Term
| Doris and Bill Alston met with their lawyer to review their last will to be sure their children would be well-provided-for. Which stage of the financial life cycle does this illustrate? (NCCTE.9_12.SH.BF05.PF2.01) |
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Definition
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Term
| Jenny Jones has reached the top of her career field and earns a six-figure salary. She has invested 20% of her income for the past fifteen years in order to build assets to pay college expenses for her two teen children. Which stage of the financial life cycle does this illustrate? (NCCTE.9_12.SH.BF05.PF2.01) |
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Definition
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Term
| Mark Johnson began work as a bank manager with a good salary after graduation last year. His wife is a full-time university student working on a master's degree. Which stage of the financial life cycle does this illustrate? |
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Definition
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Term
| Pat has decided to attend the local community college before transferring to the nearest state university to earn a degree in computer technology. Which stage of the financial life cycle does this illustrate? (NCCTE.9_12.SH.BF05.PF2.01) |
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Definition
| Before financial life cycle begins |
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Term
| Which is an example of a midlife adult in a launching family? |
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Definition
| Steve, age 45, married, two children in college |
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Term
| Which is an example of an adult in a mid-years family? (NCCTE.9_12.SH.BF05.PF2.01) |
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Definition
| Terry, age 58, lives with her 60-year-old husband, both plan to retire in five years |
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Term
| Which is a typical activity of older adults in an aging family |
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Definition
| Because Alice and Ashley began to have more health problems after retirement, they increased their insurance coverage. |
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Term
| Which is a typical activity of working parents in a developing family? |
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Definition
| Carol and Chuck are putting money into a college fund for their children. |
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Term
| Which is a typical activity of midlife adults in a launching family? |
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Definition
| While their children are in college, Deb and Dean are revising their retirement plans. |
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Term
| Which is a typical activity of an adult in an parenting family? (NCCTE.9_12.SH.BF05.PF2.01) |
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Definition
| Roxie set up a chores chart with daily tasks for each child in the family. |
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Term
| Which is an example of a typical need of a beginning family? |
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Definition
| Completing education needed to match career goals |
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Term
| Which is an example of a typical need of an expanding family? (NCCTE.9_12.SH.BF05.PF2.01) |
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Definition
| Purchasing supplies for a nursery for the new baby |
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Term
| Which is an example of a typical income for an adult in a mid-years family? |
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Definition
| Large salary for a management position |
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Term
| Which is an example of a typical income for a teen in a parenting family? |
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Definition
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Term
| Which is an example of a typical income for an adult in a mid-years family? (NCCTE.9_12.SH.BF05.PF2.01) |
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Definition
| Large salary for a management position |
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Term
| Which is an example of a typical expense for an adult in a launching family? (NCCTE.9_12.SH.BF05.PF2.01) |
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Definition
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Term
| Which is a variation of the typical family life cycle? (NCCTE.9_12.SH.BF05.PF2.01) |
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Definition
| A mother's two children are in middle school; the stepfather's two children are grown. |
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Term
| Which is a variation of the typical family life cycle? |
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Definition
| A couple have decided not to have children. |
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Term
| Theo did not feel comfortable telling the high-pressure time-share salesman "no," so he agreed to purchase the time-share condo at the beach even though he did not know how he would make the payments. Theo's behavior illustrates failure to: |
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Definition
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Term
| After Frank inherited $100,000 from his rich uncle, he thought his financial difficulties had come to an end; but in six months, he had spent all of the inheritance and had very little to show for it. Frank's behavior illustrates failure to: (NCCTE.9_12.SH.BF05.PF2.02) |
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Definition
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Term
| Meredith placed photos of herself wearing skimpy clothing on an interactive website. Now she is searching for a job and keeps getting turned down for interviews. She suspects that others have seen her photos on the website. Meredith's behavior illustrates failure to: (NCCTE.9_12.SH.BF05.PF2.02) |
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Definition
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Term
| After receiving a chain letter promising he would receive lots of cash in the mail, Ted thought how lucky he was and sent cash to five strangers. Ted's behavior illustrates failure to: (NCCTE.9_12.SH.BF05.PF2.02) |
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Definition
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Term
| Lisa did not take time to discuss with her husband her planned purchase of new bedroom furniture. When the furniture was delivered, her husband was not pleased with her choice. Lisa's behavior illustrates failure to: (NCCTE.9_12.SH.BF05.PF2.02) |
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Definition
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Term
| On the day of his Superbowl party, Dan went to the store four times to shop for snacks. Dan's behavior illustrates failure to: (NCCTE.9_12.SH.BF05.PF2.02) |
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Definition
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Term
| Which illustrates a vague offer expecting one to pay up front? The woman: (NCCTE.9_12.SH.BF05.PF2.02) |
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Definition
| promised the shopper she'd tell her how to get the piano at no cost if she'd purchase piano lessons. |
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Term
| Which illustrates reporting a fraudulent scam to a consumer government agency? (NCCTE.9_12.SH.BF05.PF2.02) |
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Definition
| Completing a complaint form and submitting it on the Federal Trade Commission website |
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Term
| Which illustrates seeking help from a local agency? (NCCTE.9_12.SH.BF05.PF2.02) |
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Definition
| Contacting the Better Business Bureau |
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Term
Which illustrates using available media to communicate and protect others? (NCCTE.9_12.SH.BF05.PF2.02)
Which illustrates using available media to communicate and protect others? (NCCTE.9_12.SH.BF05.PF2.02) |
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Definition
| Calling your daughter to warn about scam artists going door to door |
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Term
Elmer decided to take a part-time job at the nursing home because it makes him feel good to help others. Which personal strategy for achieving goals is this?
Elmer decided to take a part-time job at the nursing home because it makes him feel good to help others. Which personal strategy for achieving goals is this? |
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Definition
| Identify types of work that make you feel you are making a difference |
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Term
| George decided to take a course in speed-reading so he could read work materials more quickly. Which education strategy for achieving goals is this? (NCCTE.9_12.SH.BF05.PF3.01) |
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Definition
| Invest in human capital to increase productivity |
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Term
| Jennifer chose to apply for admission to a school known for admitting students with GPAs similar to hers. Which education strategy for achieving goals is this? |
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Definition
| Consider your high school record and performance |
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Term
| After Lorie worked part-time in a shoe store in high school, she planned to go to college to become a teacher. Which strategy for achieving goals is this? (NCCTE.9_12.SH.BF05.PF3.01) |
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Definition
| Select jobs for short-time purposes, careers for longer |
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Term
| Karl went to work as a supermarket checker to help pay his tuition while he was in college. Which strategy for achieving goals is this? (NCCTE.9_12.SH.BF05.PF3.01) |
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Definition
| Use jobs to supplement income |
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Term
| Which illustrates a vague offer expecting one to pay up front? The woman: (NCCTE.9_12.SH.BF05.PF2.02) |
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Definition
| promised the shopper she'd tell her how to get the piano at no cost if she'd purchase piano lessons. |
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Term
| Which illustrates reporting a fraudulent scam to a consumer government agency? (NCCTE.9_12.SH.BF05.PF2.02) |
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Definition
| Completing a complaint form and submitting it on the Federal Trade Commission website |
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Term
| Which illustrates seeking help from a local agency? (NCCTE.9_12.SH.BF05.PF2.02) |
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Definition
| Contacting the Better Business Bureau |
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Term
Which illustrates using available media to communicate and protect others? (NCCTE.9_12.SH.BF05.PF2.02)
Which illustrates using available media to communicate and protect others? (NCCTE.9_12.SH.BF05.PF2.02) |
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Definition
| Calling your daughter to warn about scam artists going door to door |
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Term
Elmer decided to take a part-time job at the nursing home because it makes him feel good to help others. Which personal strategy for achieving goals is this?
Elmer decided to take a part-time job at the nursing home because it makes him feel good to help others. Which personal strategy for achieving goals is this? |
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Definition
| Identify types of work that make you feel you are making a difference |
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|
Term
| George decided to take a course in speed-reading so he could read work materials more quickly. Which education strategy for achieving goals is this? (NCCTE.9_12.SH.BF05.PF3.01) |
|
Definition
| Invest in human capital to increase productivity |
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Term
| Jennifer chose to apply for admission to a school known for admitting students with GPAs similar to hers. Which education strategy for achieving goals is this? |
|
Definition
| Consider your high school record and performance |
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Term
| After Lorie worked part-time in a shoe store in high school, she planned to go to college to become a teacher. Which strategy for achieving goals is this? (NCCTE.9_12.SH.BF05.PF3.01) |
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Definition
| Select jobs for short-time purposes, careers for longer |
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Term
| Karl went to work as a supermarket checker to help pay his tuition while he was in college. Which strategy for achieving goals is this? (NCCTE.9_12.SH.BF05.PF3.01) |
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Definition
| Use jobs to supplement income |
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